Short Interest in Adecoagro S.A. (NYSE:AGRO) Decreases By 10.1%

Adecoagro S.A. (NYSE:AGRO - Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 1,340,000 shares, a drop of 10.1% from the September 30th total of 1,490,000 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is presently 1.3 days.

Adecoagro Trading Up 0.1 %

Shares of AGRO stock traded up $0.01 on Wednesday, reaching $11.58. 794,536 shares of the stock were exchanged, compared to its average volume of 728,420. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.21 billion, a P/E ratio of 4.89, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The firm has a 50 day moving average of $11.25 and a two-hundred day moving average of $10.48. Adecoagro has a 1-year low of $8.72 and a 1-year high of $12.51.

Adecoagro (NYSE:AGRO - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported $1.03 EPS for the quarter. The company had revenue of $411.42 million during the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. On average, research analysts anticipate that Adecoagro will post 1.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AGRO shares. Morgan Stanley lowered shares of Adecoagro from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $14.50 to $12.50 in a research report on Tuesday, September 17th. UBS Group assumed coverage on Adecoagro in a research note on Monday, October 14th. They set a "neutral" rating and a $12.00 price target on the stock. StockNews.com downgraded Adecoagro from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Finally, Bank of America reduced their target price on Adecoagro from $15.50 to $14.50 and set a "buy" rating on the stock in a research report on Monday, September 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $12.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Helikon Investments Ltd raised its stake in shares of Adecoagro by 169.2% in the 3rd quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company's stock valued at $76,846,000 after acquiring an additional 4,363,628 shares during the period. Jennison Associates LLC raised its position in Adecoagro by 10.5% in the first quarter. Jennison Associates LLC now owns 5,932,720 shares of the company's stock valued at $65,379,000 after purchasing an additional 561,352 shares during the period. Herr Investment Group LLC lifted its stake in shares of Adecoagro by 30.3% during the second quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company's stock worth $25,780,000 after purchasing an additional 616,345 shares in the last quarter. Discovery Capital Management LLC CT boosted its position in shares of Adecoagro by 39.1% in the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company's stock worth $23,124,000 after buying an additional 667,878 shares during the period. Finally, Boston Partners grew its stake in shares of Adecoagro by 410.7% in the first quarter. Boston Partners now owns 679,537 shares of the company's stock valued at $7,489,000 after buying an additional 546,465 shares in the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.